IHS Markit Ltd (INFO) Shares Bought by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. increased its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 10.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 136,839 shares of the business services provider’s stock after buying an additional 13,000 shares during the period. Pictet Asset Management Ltd.’s holdings in IHS Markit were worth $5,740,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP raised its position in IHS Markit by 884.0% in the first quarter. Korea Investment CORP now owns 4,182 shares of the business services provider’s stock valued at $175,000 after buying an additional 3,757 shares during the period. First Interstate Bank acquired a new position in IHS Markit during the fourth quarter valued at $184,000. Tudor Investment Corp Et Al acquired a new position in IHS Markit during the fourth quarter valued at $257,000. Guggenheim Capital LLC acquired a new position in IHS Markit during the fourth quarter valued at $273,000. Finally, Sheets Smith Wealth Management acquired a new position in IHS Markit during the first quarter valued at $302,000. 91.47% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

IHS Markit Ltd (NASDAQ:INFO) traded up 0.1968% during mid-day trading on Friday, hitting $44.1968. 528,751 shares of the company traded hands. IHS Markit Ltd has a one year low of $30.38 and a one year high of $44.30. The company’s 50-day moving average price is $43.07 and its 200 day moving average price is $39.13. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 91.6946 and a beta of 0.90.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, March 28th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.11. IHS Markit had a return on equity of 6.57% and a net margin of 4.94%. The firm had revenue of $844.20 million for the quarter, compared to analyst estimates of $843.35 million. The firm’s quarterly revenue was up 53.9% on a year-over-year basis. On average, analysts anticipate that IHS Markit Ltd will post $2.06 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of IHS Markit from $38.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 28th. BMO Capital Markets restated a “buy” rating on shares of IHS Markit in a research report on Thursday, April 27th. Cantor Fitzgerald restated a “hold” rating and set a $41.00 price objective on shares of IHS Markit in a research report on Wednesday, April 26th. Credit Suisse Group AG restated a “neutral” rating and set a $43.00 price objective (up previously from $40.00) on shares of IHS Markit in a research report on Wednesday, March 29th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $50.00 target price (up from $44.00) on shares of IHS Markit in a report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $41.86.

In other news, Director William E. Ford sold 1,300,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $43.50, for a total value of $56,550,000.00. Following the completion of the sale, the director now owns 9,639 shares of the company’s stock, valued at approximately $419,296.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yaacov Mutnikas sold 80,000 shares of the stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $41.88, for a total value of $3,350,400.00. Following the completion of the sale, the executive vice president now directly owns 95,823 shares of the company’s stock, valued at approximately $4,013,067.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,846,174 shares of company stock valued at $123,269,256.

About IHS Markit

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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